HIGHER ED SAVINGS PROGRAM House SponsorsRep. Robyn Gabel-Emanuel Chris Welch-Aaron M. Ortiz, Monica Bristow, Mark Batinick, Mary Edly-Allen, Celina Villanueva, Daniel Didech, Will Guzzardi, Kelly M. Cassidy, Theresa Mah, Katie Stuart, LaToya Greenwood, Debbie Meyers-Martin and Michelle Mussman Senate Sponsors(Sen. Pat McGuire-Don Harmon, Scott M. Bennett, Ram Villivalam, Bill Cunningham-Melinda Bush, Rachelle Crowe-Jacqueline Y. Collins, Cristina Castro-Iris Y. Martinez, Christopher Belt, Kimberly A. Lightford, Martin A. Sandoval, Antonio Muņoz, Toi W. Hutchinson, Robert Peters, Mattie Hunter, Elgie R. Sims, Jr. and Dan McConchie) 8/23/2019HousePublic Act . . . . . . . . . 101-0466 5 ILCS 140/7.515 ILCS 505/16.8 new Amends the State Treasurer Act. Provides that the State Treasurer shall establish the Illinois Higher Education Savings Program for the purpose of expanding access to higher education through savings. Provides for enrollment in the Program. Provides further duties and requirements of the Treasurer regarding the Program. Creates the Illinois Higher Education Savings Program Fund as a fund held outside of the State treasury to be the official repository of all contributions, appropriations, interest, and dividend payments, gifts, or other financial assets received by the State Treasurer in connection with the operation of the Program or related partnerships. Provides for audits and reports concerning the Program. Allows the Treasurer to adopt any rules that may be necessary to implement the Program. Amends the Freedom of Information Act to provide an exemption for information that is exempt from disclosure under the Illinois Higher Education Savings Program.House Floor Amendment No. 2 Provides that notwithstanding any court order which would otherwise prevent the release of information, the Department of Public Health is authorized to release specified information to the State Treasurer for the purposes of the Illinois Higher Education Savings Program.State Mandates Fiscal Note (Dept. of Commerce & Economic Opportunity) This bill does not create a State mandate.Fiscal Note (Office of the Treasurer) Based upon Illinois' current birth rate of 155,000 to 165,000 newborns per year, the annual cost for this program is expected to be $9-10 million per year, beginning in FY21. This includes approximately $8 million for the initial seed funding of $50 per child and an estimated $1.5 million to develop local savings incentive partnerships, engage parents and children in related financial literacy initiatives, and administer the program. Because unclaimed and unused funds will remain with the program for future use, the need for annual appropriations will decline after year 10 of the program as unclaimed and unused funds are recycled.House Floor Amendment No. 3 Modifies the definition of "eligible child". 2/7/2019HouseFiled with the Clerk by Rep. Robyn Gabel 2/7/2019HouseFirst Reading 2/7/2019HouseReferred to Rules Committee 2/19/2019HouseAssigned to Higher Education Committee 2/22/2019HouseAdded Co-Sponsor Rep. Monica Bristow 2/26/2019HouseAdded Chief Co-Sponsor Rep. Emanuel Chris Welch 2/27/2019HouseAdded Co-Sponsor Rep. Norine K. Hammond 3/7/2019HouseAdded Co-Sponsor Rep. Mark Batinick 3/8/2019HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Robyn Gabel 3/8/2019HouseHouse Committee Amendment No. 1 Referred to Rules Committee 3/8/2019HouseAdded Co-Sponsor Rep. Mary Edly-Allen 3/13/2019HouseAdded Co-Sponsor Rep. Celina Villanueva 3/13/2019HouseDo Pass / Short Debate Higher Education Committee; 011-006-000 3/13/2019HouseHouse Committee Amendment No. 1 Tabled Pursuant to Rule 40 3/14/2019HousePlaced on Calendar 2nd Reading - Short Debate 3/14/2019HouseRemoved Co-Sponsor Rep. Norine K. Hammond 3/18/2019HouseFiscal Note Requested by Rep. Tom Demmer 3/18/2019HouseState Mandates Fiscal Note Requested by Rep. Tom Demmer 3/19/2019HouseAdded Co-Sponsor Rep. Daniel Didech 3/20/2019HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Robyn Gabel 3/20/2019HouseHouse Floor Amendment No. 2 Referred to Rules Committee 3/21/2019HouseHouse Floor Amendment No. 2 Rules Refers to Higher Education Committee 3/21/2019HouseState Mandates Fiscal Note Filed 3/22/2019HouseFiscal Note Filed 3/27/2019HouseHouse Floor Amendment No. 3 Filed with Clerk by Rep. Robyn Gabel 3/27/2019HouseHouse Floor Amendment No. 3 Referred to Rules Committee 3/28/2019HouseAdded Co-Sponsor Rep. Will Guzzardi 3/28/2019HouseAdded Co-Sponsor Rep. Kelly M. Cassidy 3/28/2019HouseAdded Co-Sponsor Rep. Theresa Mah 3/29/2019HouseHouse Floor Amendment No. 2 Recommends Be Adopted Higher Education Committee; 012-005-000 4/2/2019HouseHouse Floor Amendment No. 3 Recommends Be Adopted Rules Committee; 003-000-000 4/2/2019HouseAdded Co-Sponsor Rep. Katie Stuart 4/2/2019HouseAdded Co-Sponsor Rep. LaToya Greenwood 4/2/2019HouseSecond Reading - Short Debate 4/2/2019HouseHouse Floor Amendment No. 2 Adopted 4/2/2019HouseHouse Floor Amendment No. 3 Adopted 4/2/2019HousePlaced on Calendar Order of 3rd Reading - Short Debate 4/3/2019HouseAdded Chief Co-Sponsor Rep. Aaron M. Ortiz 4/3/2019HouseThird Reading - Short Debate - Passed 066-042-001 4/3/2019SenateArrive in Senate 4/3/2019SenatePlaced on Calendar Order of First Reading 4/3/2019SenateChief Senate Sponsor Sen. Pat McGuire 4/3/2019SenateFirst Reading 4/3/2019SenateReferred to Assignments 4/4/2019SenateAdded as Alternate Chief Co-Sponsor Sen. Don Harmon 4/24/2019SenateAssigned to Appropriations II 5/1/2019SenateAdded as Alternate Co-Sponsor Sen. Scott M. Bennett 5/1/2019SenateAdded as Alternate Co-Sponsor Sen. Jacqueline Y. Collins 5/7/2019SenateAdded as Alternate Co-Sponsor Sen. Ram Villivalam 5/9/2019SenateAdded as Alternate Co-Sponsor Sen. Bill Cunningham 5/9/2019SenateRe-referred to Assignments 5/9/2019SenateRe-assigned to Higher Education 5/10/2019SenateRule 2-10 Committee Deadline Established As May 17, 2019 5/13/2019SenateAdded as Alternate Chief Co-Sponsor Sen. Melinda Bush 5/14/2019SenateAdded as Alternate Co-Sponsor Sen. Rachelle Crowe 5/15/2019SenateAdded as Alternate Chief Co-Sponsor Sen. Jacqueline Y. Collins 5/16/2019SenateAdded as Alternate Co-Sponsor Sen. Cristina Castro 5/16/2019SenateAdded as Alternate Chief Co-Sponsor Sen. Iris Y. Martinez 5/16/2019SenateAdded as Alternate Co-Sponsor Sen. Christopher Belt 5/17/2019SenateRule 2-10 Committee Deadline Established As May 24, 2019 5/20/2019SenateAdded as Alternate Co-Sponsor Sen. Kimberly A. Lightford 5/20/2019SenateAdded as Alternate Co-Sponsor Sen. Martin A. Sandoval 5/21/2019SenateAdded as Alternate Co-Sponsor Sen. Antonio Muņoz 5/22/2019SenateDo Pass Higher Education; 009-004-000 5/22/2019SenatePlaced on Calendar Order of 2nd Reading May 23, 2019 5/22/2019SenateAdded as Alternate Co-Sponsor Sen. Toi W. Hutchinson 5/22/2019SenateAdded as Alternate Co-Sponsor Sen. Robert Peters 5/23/2019SenateSecond Reading 5/23/2019SenatePlaced on Calendar Order of 3rd Reading May 24, 2019 5/24/2019SenateRule 2-10 Third Reading Deadline Established As May 31, 2019 5/29/2019SenateAdded as Alternate Co-Sponsor Sen. Mattie Hunter 5/29/2019SenateAdded as Alternate Co-Sponsor Sen. Elgie R. Sims, Jr. 5/29/2019SenateThird Reading - Passed; 040-015-000 5/29/2019HousePassed Both Houses 6/27/2019HouseSent to the Governor 8/23/2019HouseGovernor Approved 8/23/2019HouseEffective Date January 1, 2020 8/23/2019HousePublic Act . . . . . . . . . 101-0466 8/27/2019SenateAdded as Alternate Co-Sponsor Sen. Dan McConchie 2/25/2020HouseAdded Co-Sponsor Rep. Debbie Meyers-Martin 5/22/2020HouseAdded Co-Sponsor Rep. Michelle Mussman